Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Coupang Inc shares valued at $23,164 were sold by Kolari Pranam on Oct 02 ’24. At $24.23 per share, Kolari Pranam sold 956 shares. The insider’s holdings dropped to 163,165 shares worth approximately $4.14 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Pranam Kolari purchased 956 shares, netting a total of over 23,164 in proceeds.
Before that, GREENOAKS CAPITAL PARTNERS LLC had added 200,000 shares to its account. In a trade valued at $4,586,340, the Director bought Coupang Inc shares for $22.93 each. Upon closing the transaction, the insider’s holdings increased to 200,000 shares, worth approximately $1.29 billion.
As published in a research note from Bernstein on October 07, 2024, Coupang Inc [CPNG] has been rated up from an Underperform to an Outperform and the price target has been revised to $30. Analysts at CLSA upgraded the stock from ‘”a Hold”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of May 16, 2024, UBS has increased its “Neutral” rating to a “Buy” for CPNG.
Analyzing CPNG Stock Performance
During the last five days, there has been a surge of approximately 0.04%. Over the course of the year, Coupang Inc shares have jumped approximately 56.83%. Shares of the company reached a 52-week high of $26.28 on 10/07/24 and a 52-week low of $13.51 on 02/02/24. A 50-day SMA is recorded $23.97, while a 200-day SMA reached $20.68. Nevertheless, trading volume fell to 9.82 million shares from 4.27 million shares the previous day.
Support And Resistance Levels for Coupang Inc (CPNG)
According to the 24-hour chart, there is a support level at 24.89, which, if violated, would cause prices to drop to 24.40. In the upper region, resistance lies at 25.99. The next price resistance is at 26.60. RSI (Relative Strength Index) is 59.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 42.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
